November 13, 2018

The Daily Bankruptcy News

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Law:

Associate Salaries At Simpson Thacher Sure Have Come A Long Way
(DBN)

Biglaw Widow Blames Firm For Husband’s Suicide 'Big Law Killed My Husband': An Open Letter From a Sidley Partner's Widow
(DBN)

As Attorney Suicides Mount, a Survivor Speaks Out
(DBN)

Former male Chicago law school employee alleges gender discrimination
(DBN)

Phila. Company's Bankruptcy Highlights Startup Risks for Lawyers
(DBN)

Biglaw Partner Suspended For Watching P--- At Work
(DBN)

From the Marines to Big Law, Attorney Gives Back to Vets
(DBN)

Law Students Plan to #DumpKirkland Over Arbitration Agreements
(DBN)

Michelle Obama Tells The Truth About Life In Biglaw
(DBN)

Law School Professor Who Dropped The N-Word In Class Is Back At It
(DBN)

Texas attorney earned more than $460K representing indigent defendants last year
(DBN)

How Law Students Can Stop Screwing Up Their Alumni Networking Emails
(DBN)

Boards of trustees approve Michigan State University College of Law merging with MSU
(DBN)

How can we reform legal education? Try spotlighting the outcomes
(DBN)

Following contempt finding in accommodation lawsuit, LSAC ordered to pay attorney fees
(DBN)

This animation will make you think twice before going to work sick
(DBN)

A top Apple executive unwittingly provided a perfect explanation for why the iPad is a bad computer replacement
(DBN)

Chuck Schumer questions Trump's authority to appoint acting Attorney General Whitaker Matthew Whitaker as a Mini-Trump? Whitaker said he supports state's rights to nullify federal law Future seems uncertain for Trump’s acting attorney general “This Could Tarnish Whitaker for Life” FBI, DOJ Furious with Whitaker Appointment Whitaker was counseling the White House on investigating Clinton Trump Says He Doesn't Know Acting AG Matthew Whitaker, but He's 'Highly Respected' Acting attorney general Matthew Whitaker will consult with DOJ ethics officials about whether he should recuse himself from the Russia probe Nadler: Whitaker Will be Our First Witness
(DBN)

Sally Yates: Trump Trying to Corrupt DOJ
(DBN)

Mueller Unhappy with Manafort's Cooperation What Did Manafort Do for His $66M Payday? It’s Probably Too Late to Stop Mueller Former Trump lawyer Michael Cohen visits Washington to talk to special counsel Robert Mueller's team Mueller report may never come as Democrats wait to talk impeachment
(DBN)

Trump involved in 'nearly every step' of hush-money payments to Stormy Daniels, Karen McDougal: WSJ Trump asked National Enquirer CEO to help campaign by silencing women
(DBN)

What we know about the Thousand Oaks shooter, identified as Ian David Long Most mass shooters have a history of violence against women. The California shooter did too Gunman apparently stopped shooting to post online
(DBN)

Here's how many gun control advocates won House seats, and how many gun proponents lost them
(DBN)

Police Shoot (Black) Good Guy With A Gun
(DBN)

How likely is gun violence to kill the average American? The odds may surprise you
(DBN)

Weinstein’s Secret Weapon Is a ‘Bloodhound’ NYPD Detective Turned Private Eye
(DBN)

A lesson they should have learned? Definitely don’t tell bereaved people you plan to beat them on appeal
(DBN)

ACLU files suit to stop Trump new asylum limits Trump’s most legally dicey immigration move yet ICE is holding a record number of immigrants in detention The migrant caravan has been on the road for a month Border Crossing: Their Nightmare Begins Border officials to close some northbound lanes ahead of caravan's arrival The Militarization of the U.S.-Mexico Border Is Not a New Idea
(DBN)

Public ------------ Gets Attorney’s N.Y. License Suspended
(DBN)

WI: Schoolboys Give Nazi Salute for Photo
(DBN)

Man who mailed possible bombs to Trump critics indicted on 30 counts
(DBN)

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Judges:

Justice Ginsburg released from hospital after fall, plans to work from home Friday An Open Letter To Ruth Bader Ginsburg’s Clerks: You Had One Job
(DBN)

Texas Judge Loses Election, Decides To ‘Wholesale’ Release Defendants
(DBN)

Lawyer wins judicial election on a second try after changing his party . . . and name
(DBN)

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Wall Street:

Dow set to rebound nearly 150 points, boosted by blowout Home Depot earnings
(DBN)

Dow tanks 600 points, tech gets rocked
(DBN)

Stocks stumble as oil dives deeper into bear market Dow drops 200 points on worries about slowing global economic growth
(DBN)

Struggling commodity prices signal more trouble could be ahead for the stock market
(DBN)

The year of the woman has yet to arrive at Goldman Sachs
(DBN)

Trump claims that the stock market is plunging because of the prospect of Democrats investigating him
(DBN)

Goldman shares drop the most in 7 years as Malaysia seeks refunds on doomed deal Goldman Sachs bankers 'cheated' Malaysia over 1MDB: PM Mahathir
(DBN)

Wall Street’s fat bonuses may hit a snag in 2019
(DBN)

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Layoffs:

Hagadone Hawaii: New tariffs, rising costs force layoffs of 93 employees
(DBN)

Japanese fear a robot-driven future
(DBN)

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Climate:

Three dangerous fires are burning across California, and 5 people died in their cars as they tried to escape 5 killed, thousands evacuated as 3 California wildfires ravage the state Death toll rises to 23, thousands of homes destroyed in 3 dangerous wildfires burning across California Death toll rises to 31, thousands of homes destroyed as 3 dangerous wildfires are still burning across California With 42 killed, California's Camp Fire is state's all-time deadliest Nurses fleeing terrifying wildfire scramble to save patients — and themselves 100 Years of Hollywood History Lost to Fires Gov. Brown: Mega-fires 'the new abnormal' for California Celebrities Fleeing Their Homes in California Miley Cyrus, Gerard Butler, Neil Young and More Lose Homes Paradise Lost: Before and After Photos California Wildfires: 250,000 Evacuated The Camp Fire has become the state's deadliest wildfire on record since 1933 The Worst Is Yet to Come for California’s Wildfires
(DBN)

PG&E trading halted as stock plummets most in 16 years on wildfire fallout
(DBN)

Plaintiffs Firms Gear Up for Camp Fire Litigation
(DBN)

Humans are Making Wildfires Worse
(DBN)

Trump threatens to pull federal funding for California wildfires over 'gross mismanagement' Firefighters slam Trump’s comments blaming California for wildfires as ‘reckless and insulting’ Celebrities Pan Donald Trump Over Wildfire Tweets Trump responds to worst fires in California’s history by threatening to withhold federal aid
(DBN)

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Coal:

Westmoreland Paid Millions in Executive Bonuses in Year Before Bankruptcy
(DBN)

Gas to overtake coal as world's second largest energy source by 2030, says IEA
(DBN)

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Personal Finance:

‘Radical savers’ shred trader for backing Suze Orman on needing $5M to retire
(DBN)

The classic advice to dress for the job you want has a major flaw, and it could make a job interview that much harder
(DBN)

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Maritime:

Aegean Marine Wins Court Approval for Bankruptcy Financing
(DBN)

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Bankruptcy Crimes:

Convicted White Plains bankruptcy schemer accused of more dubious filings
(DBN)

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Electricity:

PG&E, Edison plummet most in 16 years on wildfire fallout PG&E Warned of Transmission Power Problem
(DBN)

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Conglomerates:

GE Rout Deepens as CEO's Attempt to Soothe Investors Falls Flat Cost to Insure GE Debt Hits Highest Since 2012
(DBN)

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Student Debt:

Borrowers Face Hazy Path as Program to Forgive Student Loans Stalls Under Betsy DeVos
(DBN)

Thousands of disabled veterans are still stuck repaying their student debt
(DBN)

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Economy:

Is this an ominous sign that another recession is looming?
(DBN)

US Will Soon Spend More On Interest Than Medicaid The National Debt is About to Kill America
(DBN)

US wholesale prices jump 0.6% in Oct, the most in 6 years
(DBN)

Wholesale inventories gain slightly more than expected in September
(DBN)

Q4 GDP Forecasts
(DBN)

Divided Congress May Further Lift Robust Loan Market
(DBN)

Global Economic Growth Projected to Decelerate Amid Tightening Liquidity, Trade Tensions Global growth is slowing, and markets need to pay attention, IMF says
(DBN)

White House trade advisor Navarro says China trade deal will be on Trump's terms, not Wall Street's U.S. soybean farmers hang on for dear life in Trump's China trade war Mnuchin and top Chinese official are reportedly talking trade ahead of Trump-Xi meeting Trump to meet with White House trade team to discuss tariffs on European automakers: Report Merrill on Trade and Tariffs Trump Obsessed with Tariffs on Foreign Cars GA: Steelworkers' Verdict on Trump Tariffs Americans Paying Big Time for Trump Tariffs Tariffs are having a negative impact for only about 9 percent of companies, earnings calls show
(DBN)

NAFTA 2.0 Could be Upended by Democrats
(DBN)

Long Beach: "Port sees brisk holiday imports, slower exports"
(DBN)

Trump is telling people he wants to replace Commerce Secretary Wilbur Ross by the end of the year
(DBN)

Dick Bove: There's a 60% chance of recession by the end of next year
(DBN)

AI could soon be all around us — here's how that could upend 8 different industries
(DBN)

Despite tax cuts, companies plan to cut back on bonuses
(DBN)

Trump's Tax Cuts: Promises vs. Reality
(DBN)

Ah, the America of My Youth
(DBN)

This is what poverty looks like in the US right now Poverty in America Today
(DBN)

Stock Market as Barometer of Policy Success The White House probably won’t be tweeting this Trump-vs.-Obama chart
(DBN)

U.S. Heavy Truck Sales up 18% Year-over-year in October
(DBN)

Hotels: Occupancy Rate Decreased Year-over-year
(DBN)

One Million American Now Live as Nomads in RVs
(DBN)

US Debt Clock
(DBN)

Here's the 'dream salary' Americans want—and what they actually get paid
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Homebuilders are facing a make-or-break level, according to charts
(DBN)

At least 75,000 homes in Southern California at risk from massive fires
(DBN)

ResCap Bankruptcy Trust Nets First Jury Verdict
(DBN)

Like Alexandria Ocasio-Cortez, many Americans can’t afford an apartment when they move for work
(DBN)

One stat reveals the absurdity of San Francisco’s pricey housing market
(DBN)

This chart shows fizzling momentum in the housing market
(DBN)

10 Surprising Cities Where a $60K Middle-Class Salary Can Snag a Sweet Home
(DBN)

El Paso: Bankruptcy sale 'best thing for Downtown' Abraham-owned buildings sell for more than $10 million
(DBN)

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Municipalities:

Trump wants no more relief funds for Puerto Rico Trump reportedly wants to stop giving Puerto Rico hurricane relief funds because he thinks the government is using it to pay off its debt
(DBN)

Puerto Rico: Commonwealth-COFINA Dispute Nearing Possible Resolution
(DBN)

Muni Lowdown
(DBN)

Moody's report a sobering take on the Detroit 'comeback' high
(DBN)

Las Vegas: Visitor Traffic down 1.3%, Convention Attendance down 2.7% compared to same Period in 2017
(DBN)

These are the top 10 US cities for singles
(DBN)

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Oil/Gas:

OPEC and allies warn surging oil output is poised to leave crude market oversupplied Falling oil prices show markets are getting it wrong — again, Saudi Arabia energy minister says Oil prices climb as OPEC eyes output curbs OPEC knocks down oil demand forecast for the 4th consecutive month
(DBN)

Junk Bonds Shrug Off Oil's Plunge
(DBN)

Trump warns OPEC against cutting oil production: 'Prices should be much lower based on supply' Oil futures just did something never done before, as Trump calls for lower crude prices Oil drops for a 12th day, extending record losing streak after Trump's warning to OPEC
(DBN)

US crude oil posts longest losing streak in over 34 years, falling for 10th day
(DBN)

What plunging oil prices may be telling us about the stock market and global economy
(DBN)

US crude falls for 11th straight session, its longest losing streak on record
(DBN)

Oil Bedevils An Already Complicated World Economy
(DBN)

Fracking Highway of Death
(DBN)

No More Gas Fueled Cars by 2040 in Egypt
(DBN)

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Politics:

As Florida Races Narrow, Trump And Scott Spread Claims Of Fraud Without Evidence Trump Tells Officials to End Florida Recount Most Recounts Don't Change Election Outcomes Florida judge says no evidence of voter fraud in Broward County One Day In, Florida’s Senate Recount Gets Messier Who won these races? Lawyers sue over ballot counting Florida election recount underway, tensions rise Gillum reverses course on conceding Florida governor race Palm Beach, Broward Told to Review Ballots Three recounts, baseless voter fraud claims and mixed messages from candidates: Here's what's going on with the Florida elections FL: Scott Wants Court to Impound Ballots Trump floats Senate race do-over in Arizona Democrat Kyrsten Sinema widens lead in Arizona Senate race Trump says 'honest' election no longer possible in Florida, demands election be called for Republicans Trump: Florida midterm results "must go with Election Night" ballots Trump's new target: the electoral process The Arizona, Florida, and Georgia election recounts, explained
(DBN)

Democrat Kyrsten Sinema wins Arizona US Senate seat and will become the state's first Democratic senator in 25 years Kyrsten Sinema has flipped Jeff Flake’s Senate seat to the Democrats Martha McSally just lost the Arizona Senate race. She could still be a senator next year
(DBN)

Texas GOP party feuds over proposal to remove Muslim Republican from party post - "We don’t allow jihadists to play in the fields of the lord"
(DBN)

Advisor: Hillary Will Run in 2020
(DBN)

Turnout: And this is when Americans were excited about an election
(DBN)

Congress Gears for Final-Stretch Fight Over Border Wall, Mueller Probe
(DBN)

FactCheck: Were GOP's House losses dramatically smaller than historical pattern?
(DBN)

Alexandria Ocasio-Cortez says she won't be able to afford to rent in DC until she starts collecting her Congressional salary
(DBN)

This 22-year-old pulled off one of the biggest upsets of the year
(DBN)

Is Something Neurologically Wrong With Donald Trump?
(DBN)

This chart shows how your state turned out to vote in the record-setting 2018 midterm election
(DBN)

Poll: Most Democrats see Republicans as racist, sexist The diverging midterm results show there's a growing political chasm in America. And both parties look like they're digging in.
(DBN)

Michelle Obama: I'll 'never forgive' Trump for pushing the birther conspiracy theory
(DBN)

Who really won the midterms? Why both parties are claiming victories
(DBN)

Democrats are reportedly gearing up to investigate Trump's actions against CNN and the Washington Post Democrats to investigate whether Trump administration sought to punish AT&T, Amazon House Democrats plan to investigate Trump’s role in hush-money payments Democrats load "subpoena cannon" with 85+ Trump targets
(DBN)

Macron condemned the rise of nationalism in front of Trump and Putin, warning that 'old demons are reawakening' In jab at Trump, Macron denounces nationalism as ‘betrayal of patriotism’
(DBN)

Bob Woodward: Presidency Defined by Fear and Ignorance
(DBN)

Veterans haven't received GI Bill benefits for months due to ongoing IT issues at VA
(DBN)

Trump pays tribute to the veterans and alliances of two world wars Trump Retreats From the West The White House’s explanation of President Trump’s absence from a ceremony in France raises more questions than it answers Trump's Rain Decision Doesn't Play Well Trump Reaction to Macron Diss Goes Viral The controversies of Trump’s Paris trip, explained Global Leaders Snub Trump and Nationalism
(DBN)

Trump's Motorcade Attacked by Topless Women
(DBN)

Satellite images show North Korea expanding 16 ballistic missile sites
(DBN)

Trump torches allies, threatens NATO pullout after tense WWI memorial trip to Paris
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

Father of Z-Score Expects Bigger Bankruptcies in Next Downturn
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Weekly Bankruptcy Claims Trading Activity
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These are the brands that blew up in 2018
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Advisers:

McKinsey, Turnaround Veteran Alix Set to Face Off in Another Coal Bankruptcy
(DBN)

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Veil Piercing:

Is it Harder to Pierce the Corporate Veil of a Limited Liability Company?
(DBN)

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IP:

Supreme Court Grants Certiorari in Trademark License Case
(DBN)

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Tech:

Giant tech firms like Uber and Tesla are lapping up junk debt — here's why investors are lining up to lend it
(DBN)

A growing problem for Apple in China — searches for the new iPhones 'fell of a cliff' in October
(DBN)

Dow plunges 600 points as Apple leads tech rout
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Travel:

The 15 worst airports in America
(DBN)

What flying on private jets is really like
(DBN)

Boeing Withheld Critical 737 Max Safety Info
(DBN)

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Religion:

Pope Francis asks U.S. bishops to delay voting on abuse proposals Vatican Bars Action by U.S. Bishops on Abuse Reforms at Conference Bishops' meeting bombshell: Vatican says no voting on abuse crisis
(DBN)

Archdioceses of Mobile to release removed clergy member names
(DBN)

Alleged clergy abuse and cover-up at a prominent DC parish puts spotlight on Catholic religious orders
(DBN)

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Autos:

Are Americans Falling Out of Love with Autos?
(DBN)

VW claims it can produce 50 million electric cars, vows to have ‘much lower’ prices than Tesla
(DBN)

It's 2005 all over again as Ford teeters on the edge of junk
(DBN)

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Healthcare:

Hospital operator seeks $85M loan to expedite sales in bankruptcy
(DBN)

Americans are not happy with their health insurance
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Retailing:

As Sears Fights for Its Life, Creditors Say Maybe It Should Die Lampert’s ESL Fires Back at Sears Creditors Lead into Gold? Sears' Possible Post-Petition Sale of Intracompany Debt Sears Found Some Useful Bonds Sears Sale Plan Blasted by Creditors as 'Foolhardy Gamble' Sears's Latest Hope for Cash: a Bidding War Among CDS Traders Sears should close for good, creditors say Sears' Creditors Tell Bankruptcy Court to Shut the Retailer Down Is There Life After Death for Sears Stock? Sears Will Close 40 More Stores Following Bankruptcy Filing With 40 More Stores Closing, Sears Finds A New Marketing Campaign: Shop Here Before It's Too Late Time, Cash Burn and Unsecured Creditors are Sears’ Enemies Creditors Question Viability of Sears Stores
(DBN)

Can Hudson's Bay Succeed Where Sears Failed?
(DBN)

FullBeauty misses debt payment, buys time with lenders FullBeauty Brands Enters into Forbearance Agreements with Lenders
(DBN)

Amazon picks New York City and Northern Virginia for additional headquarters: WSJ
(DBN)

Amazon Borrows Holiday Tips From Retailers It Crushed
(DBN)

Billions Of Dollars In Toy Sales Seeking A Home
(DBN)

Retailers plan for blockbuster holiday season despite tariff overhang
(DBN)

These Bay Area retailers could be the next to go bankrupt
(DBN)

Retail and private equity: An in-depth look at the risky relationship
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Food/Beverage:

Owner of James’, Fralinger’s files for bankruptcy Jersey Shore candymaker files for bankruptcy reorganization
(DBN)

US fast-food chains struggle as poorer consumers tighten belts
(DBN)

Tops offers a glimpse at its road map for financial structuring
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Hedge Funds:

Hedge funds just suffered through their worst month in 8 years — here's why their struggles could just be getting started
(DBN)

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Metals:

Bankruptcy judge approves case-management procedures for Republic Metals
(DBN)

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Celebs:

Music Producer Ryan Leslie Accused of Hiding $53,000 in Bankruptcy Battle
(DBN)

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UK:

Theresa May fails to block court case that could allow the UK to reverse Brexit Corbyn; We Can't Stop Brexit Theresa May will trigger no-deal plans unless there is a Brexit deal this week
(DBN)

2018: The year of the CVA
(DBN)

Ex-AIG Staff Win Ruling in $100 Million U.K. Bonus Lawsuit
(DBN)

HMRC, Insolvency and Post-Budget Preferential Status
(DBN)

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EU:

Trump, Macron agree on European defense after Trump's 'very insulting' comment
(DBN)

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Canada:

T-Rex Three-Wheeler Builder Campagna Motors Is Going Into Bankruptcy
(DBN)

Canadian Heavy Crude Falls Below $18
(DBN)

Burry’s Shipyard in Clarenville officially declares bankruptcy
(DBN)

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MENA:

 

Khashoggi’s last words on tape: ‘I’m suffocating … Take this bag off my head’ Turkey’s President Says Recording of Khashoggi’s Killing Was Given to U.S. Report: Saudi officials sought to use private companies to kill enemies Recording of Khashoggi murder reportedly points to Saudi crown prince Trump national security advisor says tape of Khashoggi killing doesn't implicate Saudi crown prince Crown Prince's Wings Getting Clipped
(DBN)

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Singapore:

Noble Group to name former Morgan Stanley banker as next chairman-sources
(DBN)

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India:

India’s bankruptcy law: Lenders, take note! This act helps only vigilant creditors, not sleeping ones
(DBN)

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